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Funding Secured for Notti Pet Food, Ayudante Buys Sparkline in Singapore, SeABank Receives $30 Million Loan from Norfund, and Other Notable Deals

Staying informed on finance news in Asia Pacific, we bring you the newest information regarding investment agreements and activities.

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Funding secured by Notti Pet Food, acquisition of Sparkline by Japanese firm Ayudante, Norfund...
Funding secured by Notti Pet Food, acquisition of Sparkline by Japanese firm Ayudante, Norfund provides SeABank with a USD 30 million loan, and further noteworthy developments

Funding Secured for Notti Pet Food, Ayudante Buys Sparkline in Singapore, SeABank Receives $30 Million Loan from Norfund, and Other Notable Deals

In the dynamic world of technology, Asia continues to be a hotbed of innovation and investment. Here's a snapshot of some recent funding news from the region:

  • Buyandship, a cross-border e-commerce enabler based in Hong Kong, has secured an extension to its Series B round, raising USD 6 million. The funding, led by Altara Ventures, will be used to enhance its platform and expand market reach.
  • Travel Wallet, a South Korean fintech company, has raised USD 10 million from Lightspeed. The funds will empower Travel Wallet to further develop its platform.
  • Notti Pet Food, a Malaysian brand known for its commitment to using real, fresh, human-grade ingredients, has raised MYR 2.4 million in seed funding. The investment comes from 500 Global and First Move, and Notti Pet Food aims to improve pet health and nutrition standards in Southeast Asia.
  • OrbitShift, an AI-powered sales management platform, has secured USD 7 million in seed funding. The funding, co-led by Peak XV's Surge and Stellaris Venture Partners, will be used to grow its technology team and enhance offerings.
  • Amartha, a Jakarta-based microfinance fintech platform, secured USD 17.5 million in equity investment. The investment, from the Accion Digital Transformation Fund, aims to support retail banking customers and small and medium enterprises in Indonesia.
  • Sparkline, a digital marketing business and certified partner and reseller of Google Marketing Platform (GMP), was acquired by Ayudante. Ayudante, a Japanese digital marketing and measurement company, plans to expand Sparkline's certified GMP services to businesses in the Philippines.
  • Quidich Innovation Labs, a sports broadcasting solutions provider based in India, raised an undisclosed amount in a Series A funding round. Centre Court Capital led the investment, and Quidich plans to utilize the funds to expand its technology team and enhance its offerings, with a focus on accelerating the development of its flagship product, Spatio.
  • Peak3 (formerly known as ZA Tech), a digital and cloud solutions provider for the insurance industry, raised USD 35 million in a Series A funding round. The funding, led by EQT, will support the company's growth and development.
  • Mori Capital led an angel investment in Uniontronic, but further details about the investment are not currently available.
  • Lastly, SeABank, a Vietnamese bank, received a USD 30 million convertible loan from Norfund, the Norwegian investment fund for developing countries. The loan aims to provide additional capital to support retail banking customers and small and medium enterprises in Vietnam.

These investments underscore the growing interest of multinational companies in Southeast Asia's tech ecosystems, and the region's potential for continued growth and innovation.

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